KPMG’s report highlights key considerations for FinOps cloud cost optimization as businesses face rising cloud spend and wastage, with 35% of cloud costs wasted in 2023. It outlines a structured approach to manage costs through collaboration across finance, engineering, and operations, focusing on goals, KPIs, reporting, automation, and education. Strategies are categorized into quick wins, short-term, and long-term optimizations. Success depends on governance, stakeholder alignment, and balancing cost savings with business flexibility to maximize cloud investment value while reducing operational inefficiencies.

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